Apologies, had issues with my computer-
From Dec-2015 Lows@1045 - Gold could be forming An A-B-C Structure (Red Color). Red B-Wave looks like taking shape of Triangle (In Triangle we have orange waves A-B-C-D?-E?). Currently we are running in Orange D?-Wave of Triangle B(Red Wave).
Trading Strategy- We are short from close to 1365$ & Put up a low@1321$. In recent price action, there sharp move down till 1321.8$ but failed to take out 1321$-Low that means possibly it is putting a low in C? Wave (Orange) at 1321$. Going above 1335$ -which it has already done once -we should be cautious & ready for an up move in the zone 1360-1365$ where it will get resistance of falling trendline -which should end the D?-Wave.
Regards,
Abhishek H.Singh, CMT
From Dec-2015 Lows@1045 - Gold could be forming An A-B-C Structure (Red Color). Red B-Wave looks like taking shape of Triangle (In Triangle we have orange waves A-B-C-D?-E?). Currently we are running in Orange D?-Wave of Triangle B(Red Wave).
Trading Strategy- We are short from close to 1365$ & Put up a low@1321$. In recent price action, there sharp move down till 1321.8$ but failed to take out 1321$-Low that means possibly it is putting a low in C? Wave (Orange) at 1321$. Going above 1335$ -which it has already done once -we should be cautious & ready for an up move in the zone 1360-1365$ where it will get resistance of falling trendline -which should end the D?-Wave.
Regards,
Abhishek H.Singh, CMT
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.